DSI signs Dh149m contracts

Drake & Scull International (DSI), a regional construction company, has signed a range of new contracts worth Dh149 million in Qatar and India.

It includes two mechanical, electrical and plumbing (MEP) contracts worth AED 55 million for hotel apartment project and a Dh40 million district cooling project in Qatar in addition to a Dh54 million residential tower project in India.

Mobilization on site for the three projects is underway. The hotel apartment project is scheduled for completion in February 2014 and the district cooling project in November 2013, similarly the residential tower is also expected to be completed in November 2013.

On this occasion Khaldoun Tabari, CEO of Drake & Scull International PJSC, commented “Qatar remains a key strategic market for DSI in the region and we expect a stronger momentum of project awards next year as we have not seen many contracts materialize in 2012. The new MEP project award in India is the first for us in the residential sector and we aim to further expand in this sector. Our Water & Power operations are engaged in many tenders across the country and in 2013 we expect further growth for DSI in the Indian utilities sector through Passavant Roediger, our specialized global Waste Water and Water Treatment German Subsidiary.”